TATA AIG General Insurance Company Limited’s Post

Gareth Bateman of Marsh UK provides insights into the current cyber insurance market, where rate reductions contrast with ongoing cyber threats. Key drivers include abundant capacity, competition, and improved cyber risk management practices. Read more about the factors influencing this trend. https://hubs.la/Q02Hc_3W0 #CyberInsurance #Ransomware #CyberRisk #InsuranceMarket

Cyber risk is multi-dimensional — and we want to highlight that in our world-leading cyber risk analytics, which is why we’ve launched CyberCube 2.0. This next phase of our corporate journey highlights how far we’ve come from our company launch in 2015. We strived to become the pre-eminent cyber risk analytics partner to the insurance industry and today, we are that respected market leader. Our new branding reflects that growth, as well as how our analytics will continue to create clarity from complexity, allowing us to serve organizations, markets and society as a whole. Find out more about our new rebrand – https://hubs.ly/Q02DVC520 #CyberRisk #CyberAnalytics

VIEWPOINT: Actions to improve cyber resilience in finance and insurance sector Learn more👇 https://lnkd.in/gpZ2j3i2 Aon outlines that cyber threats are ever evolving and a critical area of focus for regulators, customers, shareholders and boards of directors in the finance and insurance industry. #CyberRiskInsurer #cyberrisk #cyber #cybercatastrophe #cybermodeling #insurance #insurancemarket #insurancenews

As cyber threats increase, the cost of cyber insurance has skyrocketed. However, adopting Cyber Risk Quantification (CRQ) can help you secure favorable terms with insurance underwriters. By communicating the effectiveness of your cyber risk management program in monetary terms, you can achieve significant savings on your insurance premiums. Check out our latest Balbix blog for insights on navigating the cyber insurance maze and keeping costs in check. https://lnkd.in/g8Tr7tvH #CyberSecurity #RiskManagement #InsuranceSavings #Balbix #CRQ Gaurav Banga | Sriram Puthucode | Umang Barman | Martin Johnson | Vinay Sridhara | Chris Griffith | Shri Chickerur | Arun Dhamija | Ryan Evans

We are excited to announce our partnership with WTW to launch 𝗖𝘆𝗖𝗼𝗿𝗲 𝗔𝘀𝗶𝗮, a new cyber insurance facility designed to support businesses in Singapore and Hong Kong. The rising use of Artificial Intelligence (AI) for malicious purposes can increase the frequency and severity of cyber incidents. At QBE Insurance Asia, we recognise that cyber resilience is essential for safeguarding businesses, no matter their size or industry. This partnership reflects our commitment to empower businesses across Asia with innovative insurance solutions to help them navigate today’s complex cyber landscape. 𝗟𝗲𝗮𝗿𝗻 𝗺𝗼𝗿𝗲 𝗮𝗯𝗼𝘂𝘁 𝗼𝘂𝗿 𝗰𝗼𝗹𝗹𝗮𝗯𝗼𝗿𝗮𝘁𝗶𝗼𝗻 𝘄𝗶𝘁𝗵 𝗪𝗧𝗪. https://lnkd.in/gMjrH95Q #CyberInsurance #CyberResilience #ArtificialIntelligence #InsuranceSolutions #RiskManagement #Innovation #QBEAsia #WTW #SingaporeBusiness #HongKongBusiness

With the growing demand for cyber insurance worldwide and in the MENA region, Liji Philip, our Regional Casualty Underwriting Manager, shares insights and latest developments in the evolving field.    October is Cybersecurity Awareness month, and protecting your data is crucial. Cyber insurance provides you another layer of defense against any cyber attack or breach causing risks of business interruptions.    Protect your business against cybercrimes with GIG Gulf Cyber Insurance. #CybersecurityAwareness #CyberInsurance #CyberAwareness https://lnkd.in/dRjdXSyq

Insurance companies will play a vital role in securing businesses against cyber risks amid the increase of AI use in daily operations, according to Beazley’s 2024 Risk & Resilience research. https://hubs.la/Q02-wd9G0

How can Helvetia Insurance Switzerland enhance cyber resilience for clients amid growing digital threats? Helvetia teams up with Massimiliano Rijllo, CEO of Coinnect, to implement advanced AI-driven risk assessments, offering clients real-time vulnerability monitoring and improved cyber insurance terms. #CyberInsurance #RiskManagement #AI

September feels a bit like the start of a new year! 📅 Schools back, changing seasons, and a fresh focus on Q4. 🍂 There is still time to integrate our services into your cyber insurance strategy for 2024. 💻 Check out our latest blog post, where we explore a revolutionary approach to the cyber insurance placement process that emphasises prevention, resilience, and protection. Discover how a proactive risk assessment and collaborative process can benefit brokers, insurers, and clients alike. This game-changing strategy that can help you mitigate cyber risks and ensure business continuity. Give it a read and let us know your thoughts! 🧠 https://lnkd.in/dtS_6cCc #cyberriskmanagement #cyberinsurance #insurance #insurers #cyberclaims #valueaddedservices #ransomeware #infoprotect

🔑 Key to changing the current trajectory cyber claims are on: - Integrating insurance with security controls and making it easily accessible. What’s stopping small businesses from purchasing a cyber policy? Why are businesses steering clear from “optional” policies? Knowledge gap, pricing, and convenience. After an attack, insureds are more inclined to buy coverage. It’s before the attack, where it’s most important to get in front of businesses and educate on the potential risks they face. This article explains better than most why there’s a need for the integration of insurance and controls. Without mentioning it, why 🐘 Elpha Secure is the right answer. #cyberinsurance #securitycontrols #elphasecure